Vena Resources Inc.
OTC Bulletin Board : VNARF

Vena Resources Inc.

June 01, 2006 11:58 ET

Vena Resources Expands Board of Directors

TORONTO, ONTARIO--(CCNMatthews - June 1, 2006) - Vena Resources Inc. (TSX VENTURE:VEM)(OTCBB:VNARF)(FRANKFURT:V1R)(LIMA:VEM) is pleased to announce that Mark Kesselman has been appointed to its board of directors. Mr. Kesselman is currently the president of Eurofinance, Inc., a private merchant bank headquartered in New York. Prior to his involvement with Eurofinance, Mr. Kesselman was with Citibank-New York where he ran the international mergers and acquisitions group and was a managing director in the international corporate finance group. He then went on to serve as head of the corporate finance group of the Citibank Private Bank, headquartered in Geneva, Switzerland. He has had over US$10 billion under direct management and participated in the World Economic Forum (Davos) and other high profile events. Mr. Kesselman's international finance experience includes worldwide IPOs, Venture Capital placements, mergers and acquisitions across a wide array of industries. Mr. Kesselman has been appointed Chairman of the Audit Committee and will also be a member of the Company's Compensation Committee. Vena has granted Mr. Kesselman 200,000 incentive stock options exercisable at $0.55, such options being subject to regulatory approval.

Juan Vegarra, Chairman of Vena Resources commented: "Mark's wealth of knowledge of the global capital markets is a strong complement to the board's technical team. He has done business in over 75 countries and shares Vena's passion for excellence and teamwork. His knowledge of complex funding strategies will enable Vena to analyze project and equity financing opportunities to optimize shareholder value."

Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

Shares Outstanding: 48,254,411

Fully-Diluted: 57,034,085

The TSX Venture Exchange does not accept the responsibility for the adequacy or accuracy of this release.

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